Zacks Bull and Bear of the Day Highlights: Sohu.com, Inc., Cousins Properties, JPMorgan Chase, Wells Fargo & Company and Zions Bancorporation
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http://www.profit.zacks.com/ CHICAGO--(Business Wire)-- Zacks Equity Research highlights Sohu.com, Inc. (Nasdaq: SOHU) as the Bull of the Day and Cousins Properties (NYSE:CUZ) the Bear of the Day. In addition, Zacks Equity Research provides analysis on JPMorgan Chase (NYSE:JPM), Wells Fargo & Company (NYSE:WFC) and Zions Bancorporation (Nasdaq: ZION). Full analysis of all these stocks is available at http://at.zacks.com/?id=2676. Here is a synopsis of all five stocks: Bull of the Day: Sohu.com, Inc. (Nasdaq: SOHU) is the second-largest Internet portal and one of the most well-known online brands in China. Sohu's pipeline for its new online games remains strong and is expected to drive meaningful growth in late 2009 and 2010. The company spun-off part of its gaming division Changyou.com via an ADS offering, which is expected to increase user base and help gain shares in the MMORPG market. We are also encouraged by the company's growing cash balance as well as its debt free balance sheet. We believe that the current stock price does not fully reflect the company's intrinsic value. Concerns are related to online ad spending, as consumers remain cautious in their spending. We maintain our Buy rating on the shares of SOHU with a six-month target price of $75.00. Bear of the Day: Cousins Properties (NYSE:CUZ) reported 1Q FFO of $0.15 per share, $0.10 lower than our estimates due to higher expenses and lower top line revenue. CUZ has a concentration of assets in Atlanta and Dallas, two markets with increasing downtown and suburban office vacancies. In addition, the company's retail portfolio continues to struggle. While the company's office portfolio performed relatively well in the 1st quarter, we think operations will deteriorate. The dividend was cut 32% in an effort to conserve cash. Another cut could be coming in 2009 if conditions do not improve. Latest Posts on the Zacks Analyst Blog: Yet More Banks Recession Victims The Federal Deposit Insurance Corp. (FDIC) was appointed receiver of the following 7 failed banks: The John Warner Bank of Clinton, First State Bank of Winchester, Rock River Bank of Oregon, Elizabeth State Bank, Founders Bank, First National Bank of Danville and Millennium State Bank of Texas. FDIC arranged for other institutions to assume all the deposits and branches of the failed banks. The FDIC estimates total cost to the deposit insurance fund from the failure of these banks to be approximately $314 million. The deposit insurance fund now stands at its lowest level since 1993 - $13 billion as of the end of March 31, 2009. The largest acquirers of U.S. bank failures during 2008 and 2009 include JPMorgan Chase (NYSE:JPM) (acquired Washington Mutual), Wells Fargo & Company (NYSE:WFC) (acquired Wachovia Bank) and Zions Bancorporation (Nasdaq: ZION) (acquired Alliance Bank). Get the full analysis of all these stocks by going to http://at.zacks.com/?id=2649. About the Bull and Bear of the Day Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months. About the Analyst Blog Updated throughout every trading day, the Analyst Blog provides analysis from Zacks Equity Research about the latest news and events impacting stocks and the financial markets. About Zacks Equity Research Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term. Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons. Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=2677. About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release. Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security. Zacks.com Mark Vickery 312-265-9380 Visit: www.zacks.com Copyright Business Wire 2009
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